Boro Auto Loan
in Auto Loans from Westbon Inc.
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| Loan Amount | $5,000 - $60,000 |
| APR (Fixed APR) | 4.49% - 36% |
| Credit Score Range | 300 - 850 |
| Loan Term | 12 - 45 months |
Boro Auto Loan Review
Boro Auto Loan is an auto purchase finance offering by Westbon Inc., a direct lender based in Chicago, IL. Founded in 2015, Westbon Inc. offers auto loans in 31 states across the USA.
How much can you borrow via Boro Auto Loan?
Boro Auto Loan auto loan amounts start at $5,000 and go up to $60,000.
What APR does Boro Auto Loan offer on its auto loans?
Boro Auto Loan offers a fixed APR auto loan product that ranges from 4.49% APR up to 36% APR.
Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.
What is the maximum loan term you can get with Boro Auto Loan?
Boro Auto Loan has auto loans with terms ranging from 12 to 45 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
Does Boro Auto Loan charge an origination fee?
Yes, Boro Auto Loan may charge a loan origination fee of 0% to 1.99% of the loan amount. Boro Auto Loan deducts the fee directly from your loan amount before depositing your money, so make sure you take this fee into account when deciding how much you need to borrow.
Does Boro Auto Loan charge a late fee?
Yes, Boro Auto Loan charges borrowers with a late payment penatly fee of up to $15, which is triggered if you're 15 days late.
Does Boro Auto Loan charge prepayment fees?
No, Boro Auto Loan will not charge you a fee for paying your loan early. Whenever possible choose lenders like Boro Auto Loan that don't charge a prepayment fee. These fees can reduce or even cancel the interest savings of repaying a loan early.
Can I pay off early my Boro Auto Loan loan?
Yes, you can. Boro Auto Loan does not charge a prepayment fee, so you can save money by paying your auto loan early.
What are the Boro Auto Loan auto loan requirements?
Applicants with a credit score of at least 300 can apply for a loan via Boro Auto Loan. The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.
To qualify, applicants may need to provide the following documentation:
- Driver's license
- An active and valid checking account
Does Boro Auto Loan report loan payments to credit bureaus?
Boro Auto Loan may report credit data to the following credit reporting agencies:
- Experian
- Transunion
Contact
- Headquarters
-
320 W Ohio St, STE 300
Chicago, IL 60654 USA
Message from Westbon Inc.
Other Services by Westbon Inc.
Availability
- Alabama
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Florida
- Georgia
- Illinois
- Indiana
- Iowa
- Kansas
- Massachusetts
- Michigan
- Nebraska
- New Jersey
- New Mexico
- New York
- North Carolina
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- South Carolina
- Texas
- Utah
- Vermont
- Virginia
- Washington
- Wisconsin
- Wyoming
Feature Breakdown
| No Prepayment Fee | |
| Late Fee After (number of days) | 15 |
| Late Fee Amount | $15 |
| Origination Fee | 0% - 1.99% |
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